For various reasons and purposes, clients deposit funds in trust to lawyers and law firms. At times, such trust funds are purely for safekeeping purposes such as wills and estates, sometimes for transactions to be executed by the lawyer on behalf of the client, such as real estate transactions. Typically, these funds held in trust by the lawyer on behalf of the client are a legal retainer used to offset the cost of legal services.

One of the most robust offerings of Lawcus for lawyers is the trust accounting functionality helping to ensure that law firms are on the right side of the law with how they deal with client trust accounts holding legal retainers.

In this video tutorial where we discuss how trust accounting works, we showcase how to: